09:32     SIMSEN INT'L<00993> - Announcement (1)                              

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    Haywood Shares Holding Limited                                            
    (incorporated in the British Virgin Islands with limited liability)       
                                                                              
    Simsen International Corporation Limited                                  
    (incorporated in Bermuda with limited liability)                          
    (Stock code: 00993)                                                       
                                                                              
    JOINT ANNOUNCEMENT                                                        
                                                                              
    Closing of unconditional voluntary cash offers                            
    by Grand Vinco Capital Limited, China Everbright Securities (HK)          
    Limited and                                                               
    MasterLink Securities (Hong Kong) Corporation Limited                     
    on behalf of                                                              
    Haywood Shares Holding Limited                                            
    to acquire all of the issued shares in the capital of,                    
    and for cancellation of all outstanding options of,                       
    Simsen International Corporation Limited                                  
    (other than those already owned by the Offeror and/or parties             
    acting in concert with it)                                                
                                                                              
    The Offers closed at 4:00 p.m. on 14 April 2005.                          
                                                                              
    Up to 4:00 p.m. on 14 April 2005, the Offeror had received valid          
    acceptances in respect of 153,755,127 Shares under the Share              
    Offer, representing approximately 25.31% of the issued Shares,            
    and valid acceptances in respect of 4,700,000 Options under the           
    Option Offer. Taking into account the valid acceptances under             
    Share Offer, the Offeror and parties acting in concert with it            
    are interested in 319,125,127 Shares representing approximately           
    52.53% of the issued Shares as at the date of this announcement.          
    After excluding the 3,968,600 Shares (representing                        
    approximately 0.65% of the issued Shares as at the date of this           
    announcement) held by the Directors other than Mr. Cheung,                
    approximately 46.82% of the issued Shares is held by the public           
    shareholders, which satisfied the minimum public float                    
    requirement under the Listing Rules.                                      
                                                                              
                                                                              
    Reference is made to the joint announcements dated 22 February            
    2005, 14 March 2005 and 31 March 2005 (the "Announcements")               
    issued by the Offeror and the Company. Terms used herein shall            
    have the same meanings as those defined in the Announcements              
    unless the context requires otherwise.                                    
                                                                              
    CLOSING OF THE CASH OFFERS AND ACCEPTANCE LEVEL                           
                                                                              
    The Offers closed at 4:00 p.m. on 14 April 2005.                          
                                                                              
    Up to 4:00 p.m. 14 April 2005, the Offeror had received valid             
    acceptances in respect of 153,755,127 Shares under the Share              
    Offer (representing approximately 25.31% of the issued Shares)            
    and 4,700,000 Options under the Option Offer.                             
                                                                              
    SETTLEMENT OF THE OFFERS                                                  
                                                                              
    Cheques payments for the amount due to the receiving Shareholders         
    and holders of the Options, from whom valid acceptances under             
    the Offers were received, have been/will be dispatched to each            
    of them within ten days of the later of (i) the date of receipt           
    by the branch share registrar of the Company in Hong Kong or              
    the Secretary, as the case may be, of duly completed Form of              
    Acceptance together with all relevant documents mentioned in the